GLD vs. GDMN
Compare and contrast key facts about SPDR Gold Shares (GLD) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN).
GLD and GDMN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021.
Performance
GLD vs. GDMN - Performance Comparison
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GLD vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | 1.67% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 8.77% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Returns By Period
The year-to-date returns for both investments are quite close, with GLD having a 8.57% return and GDMN slightly higher at 8.77%.
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
GDMN
- 1D
- 9.38%
- 1M
- -27.72%
- YTD
- 8.77%
- 6M
- 31.63%
- 1Y
- 140.14%
- 3Y*
- 65.41%
- 5Y*
- —
- 10Y*
- —
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GLD vs. GDMN - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Return for Risk
GLD vs. GDMN — Risk / Return Rank
GLD
GDMN
GLD vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| GLD | GDMN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 2.20 | -0.42 |
Sortino ratioReturn per unit of downside risk | 2.21 | 2.34 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.69 | -1.01 |
Martin ratioReturn relative to average drawdown | 9.90 | 12.63 | -2.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLD | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.20 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.94 | -0.32 |
Correlation
The correlation between GLD and GDMN is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GLD vs. GDMN - Dividend Comparison
GLD has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.48%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.48% | 2.70% | 9.44% | 7.69% | 1.44% |
Drawdowns
GLD vs. GDMN - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for GLD and GDMN.
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Drawdown Indicators
| GLD | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -52.82% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -19.21% | -39.03% | +19.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -13.23% | -28.60% | +15.37% |
Average DrawdownAverage peak-to-trough decline | -16.17% | -18.45% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 11.39% | -6.19% |
Volatility
GLD vs. GDMN - Volatility Comparison
The current volatility for SPDR Gold Shares (GLD) is 11.06%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 24.97%. This indicates that GLD experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 24.97% | -13.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.30% | 53.89% | -29.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.80% | 63.99% | -36.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 47.19% | -29.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 47.19% | -31.32% |